My buyer likes to think outside of the box. He's in escrow on a short sale and asked me if it's possible to go directly to the investor and ask investor to hold paper on the property. Rather than pass judgment on my buyer, I'd rather run it by this
Read more…Does anyone have a clue if a section 8 tenant will be eligible for relo money in an investor short sale?
1st lien BoA 2nd Lien Chase-property in CA
thanks
Read more…I have a situation where a disable veteran was transferred to another area with his job. He is trying to short sale his home. He is not behind in his payments but upside in value. The first is fine. The second which is with 21st mortgage wants
Read more…Chase picked up a loan the first week of March from Met Life. We turned in a full package the first week of March as soon as Chase assigned a loan number to the loan. A foreclosure sale date was scheduled for April 30th, which got postponed to May 14
Read more…This is a great article that I have read and re-read. Kudos to Bryant Tutas for writing and sharing it.
From "Short Sales Are Serious Business And Require Serious Minds"
Posted by Bryant Tutas on May 23, 2012
http://shortsalesuperstars.com/forum/topic
Read more…All -
I have a client who is taking a job out of the area and has a 1st with Citi and 2nd with GreenTree. The second is about $68k and the 1st is approved with $8k going towards GreenTree. I get a response today that the only way GreenTree will a
Read more…Myself and my husband are in the process of purchasing a short sale. This process has been going on since October of 2012. The seller hasn't occupied the property for 2 years. She has completed so much paperwork that has me wondering when does it sto
Read more…I have two loans for this file - BOA 1st place and Citizens 2nd. Received BOA approval with the maximum payoff for 2nd lien holder. The problem: Citizens is continually asking for docs that we re-fax and re-fax. ... finally got that straight .. an
Read more…I'm doing a short sale for a client that has about 30k in cash. I kind of expected the lender to request a cash contribution, which they did. The bank wants $3000. The issue is that this surplus of money is going to go towards college tuition for
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Hi Superstars,
Times are getting tough again for many agents. Right now there are countless short sale and distressed property "experts" out there competing for only a handful of listings.
On this one time, Live webinar, Mike Linkenauger of the
Read more…Hi im getting ready to start a BOA short sale. This property has 3 owners on title and 1 of which is deceased. Title was held as Joint Tenants. My question is does anyone know if BOA will pay for the buyers reasonable attorney fees.
Also will BOA p
Read more…I have a Cenlar 1st going nowhere . . no feedback, no responses to emails or voicemails. It is a Freddie Mac loan, and the ratified contract has been with Cenlar (using Bayview Loan Servicing) since March 10. I suspect that it has never yet gone to
Read more…My wife and I had our home loan foreclosed on by the lender. A final summary judgment was issued against us. A foreclosure sale has not yet occurred. The property is in my name and my wife's name. I cannot file CHapter 7 b/c I make too much. My wife
Read more…I have a BofA short sale... We just got the approval letter.
However, we cannot figure out where it waives the deficiency. When I ask BofA they point to a sentence in the FHA Mortgagee letter from 12/24/2008 that waives a deficiency in event of Fore
Read more…I have my $300 check - haven't tried to cash it yet - have 30 days to see if this U.S. gov't check will bounce, like others. I don't know which of my property losses this $300 is to "compensate" for bank, uh, misdeeds.
So, if you would like an explan
Read more…I have a property that has been approved by Ocwen but have two additional liens that have to be paid off prior to closing and the seller doesn't have the money.
Here are the details:
1st lien - HOA 9k discounted from 11k. Ocwen will pay 6 months w
Read more…I'm not sure if there is going to be a formal or informal Q&A, but does anyone have a question they would like me to ask at the meeting?
http://www.realtor.org/educsessMid.nsf/allpages/13MYRPValueForum
Read more…Have a short sale that is going on forever. We got the listing in Feb 2012. Got a buyer within a month. April the negotiator sent a response to the WRONG EMAIL, so we never got the response telling us the deal was approved. Then buyer walked in July.
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